Liverpool earn huge cash windfall for Champions League progress

Liverpool have already guaranteed themselves a £50million windfall with their progress to the quarter-finals of the Champions League this season.

The Reds have so far triggered payments from UEFA of 56million Euros and that figure will rise further if Jurgen Klopp’s side go further in the competition.

Around £20million is from the TV pool with a further £18.5million in prize money and the rest is the guaranteed fixed payment for all clubs who reach the group stage.

It underlines the importance of Liverpool’s return to Europe’s elite after a three-year absence.

The Reds recently announced record revenues of £364million for the year up to the end of May 2017 – a sharp rise of 20.5% – with a profit of £39million.

However, that was a season without European football and partly explains why the club’s turnover still remains so far behind the likes of Manchester United (£581m), Manchester City (£473m) and Arsenal (£423m).

Data compiled by the excellent Swiss Ramble blog compares the Reds’ financial performance to their main Premier League rivals.

Liverpool’s profit of £39million for 2016/17 is bettered by four clubs – Leicester City (£92m), Manchester United (£57m), Arsenal (£45m) and West Ham (£43m).

The Reds’ revenues increased by £63million but that figure was eclipsed by Tottenham (£96m), Manchester City (£82m), Arsenal (£72m) and Manchester United (£66m).